Business
The rise of Afterpay – The Saturday Paper
Afterpay produced Australia’s youngest self-made billionaire. The company is yet to report a profit, but has ambitious plans to grow overseas and outrun regulators…
It seems apt for a company such as Afterpay, which has sated many millennials desire to own what they want when they want, to be impatient for global domination.
Unlikely, too, given the buy now, pay later service was founded in Australia just six years ago. The company is now valued at almost $40 billion, with a share price that has grown by more than 13,000 per cent since 2016.
In the six months to December 2020 alone, it was responsible for almost $10 billion in sales around the world. Still,…
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